StockNews.com Initiates Coverage on The Dixie Group (NASDAQ:DXYN)

Stock analysts at StockNews.com initiated coverage on shares of The Dixie Group (NASDAQ:DXYN) in a research note issued on Tuesday. The brokerage set a “hold” rating on the textile maker’s stock.

The Dixie Group Stock Performance

Shares of The Dixie Group stock opened at $0.56 on Tuesday. The firm’s fifty day simple moving average is $0.72 and its 200-day simple moving average is $0.66. The stock has a market capitalization of $8.93 million, a price-to-earnings ratio of -2.25 and a beta of 2.41. The Dixie Group has a 12 month low of $0.46 and a 12 month high of $1.10. The company has a debt-to-equity ratio of 2.99, a current ratio of 2.39 and a quick ratio of 0.82.

About The Dixie Group

The Dixie Group, Inc manufactures, markets, and sells floorcovering products to residential customers in North America and internationally. The company offers residential carpets, custom rugs, and engineered wood products under the Fabrica brand for interior decorators and designers, selected retailers and furniture stores, luxury home builders, and manufacturers of luxury motor coaches and yachts; and specialty carpets and rugs for the high-end residential marketplace, as well as luxury vinyl flooring products and broadloom carpet products under the Masland Residential brand name through the interior design community and specialty floorcovering retailers.